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The Fisher Separation Theorem extended to a macroeconomic model. (Research Notes).

Publication: International Advances in Economic Research
Publication Date: 01-MAY-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: The Fisher Separation Theorem extended to a macroeconomic model. (Research Notes).(Brief Article)

Article Excerpt
This paper extends the Fisher Separation Theorem of finance and microeconomic theory to include the Keynesian model of macroeconomics. This theorem is described in Brealy and Myers [1984] and Copeland and Weston [1983] finance textbooks in common reference today. The essence of the theorem is that for any individual,...

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